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Feb 24, 2013
02/13
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he beat them on the debt ceiling. i beat them on the fiscal cliff. i can do it again. the polls show the public will be with me. whether it is well founded confidence, we'll find out but that is what is driving some of this. he feels like he can win this. >> paul: you think it may be overconfidence on the part of the president. this is different and how so? >> it absolutely is. republicans no they got beat on the debt ceiling fight and it's a deliberate strategy to make sure it doesn't happen again. they are ready and willing to let it go into effect because think of it. what are we talking at the moment? we're not talking about republicans lack of unity on taxes. we're talking about spending, size of government. talking about additional spending. this is exactly where the republicans want the debate. >> paul: could they split over defense spending where a lot of members don't want the damage that it could do to the pentagon? >> this is where the president is going to hammer the hardest. what is notable here, even the republicans who have some qualms about how this goi
he beat them on the debt ceiling. i beat them on the fiscal cliff. i can do it again. the polls show the public will be with me. whether it is well founded confidence, we'll find out but that is what is driving some of this. he feels like he can win this. >> paul: you think it may be overconfidence on the part of the president. this is different and how so? >> it absolutely is. republicans no they got beat on the debt ceiling fight and it's a deliberate strategy to make sure it...
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Feb 18, 2013
02/13
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when you come up against the debt ceiling and the fiscal cliff usually we put it off. but i think this is one that is going to cause tremendous damage and the question is with the congress gone for a week when do they have time to negotiate. >> $85 billion out of a $3.5 trillion budget. >> a small percentage but if it affects you. >> and this is going to hurt the economy? >> if you lose your job i think it hurts you don't you think? >> fundamentally the debt that we have at the moment is the bigger problem for the economy and job creation in the private sector. >> chris: let me binge karl in to talk about the sequester and look at the president's state of the union speech and agenda he laid out and what does that tell us about what he wants to do in his second term? >> spend a lot of money and pursue a lot of liberal social policies and says he is out of touch with the reality of where the country is. the democrats said we don't have a spending problem. 83% of the american people say we have a pending problem. i agree with kim. $85 billion cut is a 2.4% cut roughly out
when you come up against the debt ceiling and the fiscal cliff usually we put it off. but i think this is one that is going to cause tremendous damage and the question is with the congress gone for a week when do they have time to negotiate. >> $85 billion out of a $3.5 trillion budget. >> a small percentage but if it affects you. >> and this is going to hurt the economy? >> if you lose your job i think it hurts you don't you think? >> fundamentally the debt that...
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Feb 19, 2013
02/13
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first of all, most of america is not concerned with these tv terms like fiscal cliff and debt ceiling and sequestration. >> what about when i rhyme them together and say sequestration, damnation, louse nation. >hallucination. >> to most of america, it's benign to them. when i look at what really happens as a market watcher in the past, here comes the fiscal cliff. guess what. everything's fine, market goes up. >> what happens if we get to march 1st and we go over the cliff or whatever you want to call it? are the markets thinking we avoid it, or are the market saying 85 billion in the scheme of things, better than nothing, get on with it? >> i think the historical pattern has shown us that every time we get up to these supposed drop dead dates, nothing happens. they come up with some kind of solution. >> were they thinking that, or are they thinking we hope they do go through with these cuts, minor as they are? >> i think the markets believe that these cuts will happen. i think the markets believe that this is a sliver of a thaw in the gridlock in washington. the republicans called ob
first of all, most of america is not concerned with these tv terms like fiscal cliff and debt ceiling and sequestration. >> what about when i rhyme them together and say sequestration, damnation, louse nation. >hallucination. >> to most of america, it's benign to them. when i look at what really happens as a market watcher in the past, here comes the fiscal cliff. guess what. everything's fine, market goes up. >> what happens if we get to march 1st and we go over the cliff...
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Feb 23, 2013
02/13
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debt ceiling expire and everyone thought the super committee would get it worked out and the president handled that in the third debate he picked it and doesn't get it done. >> governor, it failed in november of 2011 and what did everybody do between 2011 and now, nothing. the president played golf and congress went on recess, everyone took, everyone took this time. pay the piper on this. they went to work and nothing to stop them after the super committee failed to actually get down to work and instead they did. and we're sad they campaigned to get their jobs back. >> you're exactly right. look, it takes leadership and it starts at the top. the president is the commander-in-chief and his own secretary of defense says the cuts will be devastating. the united states military and national security and now the president is running around doing press conferences when he should be in a room with congress trying to figure it out. here is the problem, greta. we need to cut. the sequester is only 1.2 billion dollars, that's not even one year of the deficit so it's a drop in the bucket and we'v
debt ceiling expire and everyone thought the super committee would get it worked out and the president handled that in the third debate he picked it and doesn't get it done. >> governor, it failed in november of 2011 and what did everybody do between 2011 and now, nothing. the president played golf and congress went on recess, everyone took, everyone took this time. pay the piper on this. they went to work and nothing to stop them after the super committee failed to actually get down to...
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Feb 24, 2013
02/13
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so well, chris and we've had these conversations, as you mentioned, the fiscal cliff and debt ceiling debate and last minute flurry of activity and senators making triumphant returns for the holidays to be there in washington to get it done. do you see a difference this time there in d.c.? >> yeah, i think there's quite a sizable difference and that's because of the fact that with the debt ceiling, if you reach that point, we would have gone into either a technical or a practical default, jeopardizing the faith and credit of the american financial system. with a fiscal cliff, everybody's taxes would have gone up. the dramatic thing about the sequester is how undramatic it is. on march 2nd, nobody's going to notice a difference. the government doesn't shut down, none of the cuts are going into effect and it's really less a cliff and more a kind of a gentle slope because of the fact it takes a while for the cuts to kick in. in fact, the furloughs and layoffs that people are talking about, they have to give 60 days notice and that won't happen until the end of april, again, all the more
so well, chris and we've had these conversations, as you mentioned, the fiscal cliff and debt ceiling debate and last minute flurry of activity and senators making triumphant returns for the holidays to be there in washington to get it done. do you see a difference this time there in d.c.? >> yeah, i think there's quite a sizable difference and that's because of the fact that with the debt ceiling, if you reach that point, we would have gone into either a technical or a practical default,...